The Central Government today issued a notification empowering the department to provide Permanent Account Number (PAN) related information to National Intelligence Grid.
The present notification by the Central Board of Direct Taxes (CBDT) specified that the notification has to be read with the order under section 138(1)(a) of the Income Tax Act passed by the Board notifying the Principal Director General of Income Tax (Systems) as the designating authority for furnishing the ‘bulk information’ on certain identified parameters to the above authority.
Section 138 of the Income Tax empowers the tax department to share information with other authorities dealing with laws related to any tax, duty, cess or foreign exchange or to other notified authorities subject to certain conditions.
Recently, the IT department had paved the way for seamless exchange of information between various government agencies to check illegal wealth by amending the 2003 notification, seeking to remove any ambiguity about sharing of taxpayer information by the tax department with other government agencies.
Read the full text of the Notification below.
